Spot Bitcoin exchange-traded funds in the United States recorded a 13-fold increase in net inflows on September 17, while spot Ether ETFs continued to suffer outflows for the second consecutive day.
Data from SoSoValue showed the 12 spot Bitcoin ETFs net inflows of $186.76 million, a staggering 1360% increase from the prior day’s $12.9 mln. Fidelity’s FBTC took the lead with $56.6 mln of inflows, making the seventh consecutive day of inflows, totaling $279.7 mln. Bitwise’s BITB followed in second place at $45.4 mln and ARK Invest and 21Shares’ ARKB had $42.2 mln. Other significant inflows of products included VanEck’s HODL with 20.5 million dollars, Invesco’s BTCO with 10.2 million dollars, and Franklin Templeton’s EZBC with 8.7 million dollars.
WisdomTree’s BTCW had a small inflow of $3.2m, its maiden since August 27. The other five Bitcoin ETFs, including BlackRock’s IBIT, did not have any trade on that day. The total trading volume across the 12 Bitcoin ETFs reached $2.27 billion on September 17, compared with $1.1 billion the day earlier. The funds have seen a net inflow of $17.5 billion since their creation. Bitcoin was trading 3.2% higher over the last 24 hours at $60,348 at the time of writing.
Conversely, the nine U.S.-domiciled spot Ethereum ETFs suffered net outflows of $15.11 million on September 17, extending their period of outflows. This entire negative shift emanated from Grayscale’s ETHE, which had $17.9 million leave its product. These losses were partly offset as the Grayscale Ethereum Mini Trust notched inflows of $2.8 million. The remaining seven Ethereum ETFs did not witness much action.
The trading volume for these Ethereum investment vehicles was at $176.2 million, up from $129 million the previous day. Year-to-date, across all spot Ether ETFs, net outflows have now reached a cumulative $605.84 million. At the time of writing, Ethereum was up 1.3%, changing hands at $2,327.
